Starting June, luxury cars priced at 10 lakh plus — both old as well as new — will attract an additional 1% duty. However, used car marketers say the new rule will not affect the sale of used luxury vehicles.

The maker of the S Class, which is expected to close 2015 with sales of 13,500 units, is set to replicate its plan of 15 new products, including refreshes and facelifts, and as many dealership expansions for 2016

The company , which eyes a double-digit growth for itself for the second year in running, said that demand is picking up in the luxury car business especially as companies drive in new cars, while introducing attractive financing and service schemes for buyers.

For car manufacturers, 2014 was an important year for a number of reasons. The industry had seen recalls, launches, adoption of new technology as well as smashing of sales records by several luxury-car makers. ETAuto lists out some of the key performers by sales.

​​This comes as a surprise to the industry as Rakesh was recently elevated to the position of Directo Sales and Marketing which was the third promotion for him in six years of his tenure in the company.